As a famous bank robber put it, that's where the money is.
Merrill Lynch has an investment banking relationship with the firms noted in this story and a member of Najarian's team owns shares of Bank of America. For tech companies filing to go public lately, profitability is optional. As a famous bank robber put it, that's where the money is. Web design, logo design, computer consulting, and more. But, overall these stocks have been big winners for investors. Several of the giants have gaps in their footprints.
Punk Ziegel's Bove doesn't own shares of any of the companies mentioned and the firm doesn't have banking relationships with the companies. Why? Because what they lack in glamour they more than make up in compelling numbers. Some investors don't consider a stock a true value stock unless it it selling for book value or less. Morgan and Citi, for example, need to establish big footholds in Florida and California, while Wachovia covets more branches in the West. Robert LenznerSteven Drobny reveals insights from the hedge fund all-stars.